2988 Richton Street Detroit, MI ^$ 193,000

2988 Richton Street

^$ 193,000

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Recently Listed

2988 Richton Street

Detroit, MI, 48206

^$ 193,000

Studio Baths2.1 Sq 2,600

Monthly Estimate*

^$ 1,219

2988 Richton Street, Detroit, MI 48206 - Image 1

2988 Richton Street, Detroit, MI 48206 - Image 2

2988 Richton Street, Detroit, MI 48206 - Image 3

2988 Richton Street, Detroit, MI 48206 - Image 4

2988 Richton Street, Detroit, MI 48206 - Image 5

2988 Richton Street, Detroit, MI 48206 - Image 6

2988 Richton Street, Detroit, MI 48206 - Image 7

2988 Richton Street, Detroit, MI 48206 - Image 8

2988 Richton Street, Detroit, MI 48206 - Image 9

2988 Richton Street, Detroit, MI 48206 - Image 10

Studio

Multi-Family Home for sale in Detroit, MI

for $193,000 with 2 full baths, 1 half bath. This 2,600 square foot home was built in 1927 on a lot size of 0.1.

INVESTMENT OPPORTUNITY! 2986 and 2988 Richton Street are multifamily properties offering approximately 2,600 square feet in Detroit. 2988 Richton is vacant. This property may be purchased individually or as part of a 25-property investment portfolio consisting of 24 additional properties throughout Detroit. The portfolio includes a mix of tenant-occupied and vacant properties, providing investors with an opportunity to acquire individual assets or a substantial residential portfolio in a single transaction. Contact the listing broker for the complete list of properties, portfolio pricing, rent roll, occupancy information, lease details, and additional information. Individual and portfolio offers will be considered. 2986 Richton is currently rented out for 1,400 a month.

Multi-Family Active

Price

^$ 193,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 5,334

Style

Lot Size

0.1

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61019327

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1927

Subdivision Linwood Heights MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 16800

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions From the Lodge Freeway (M-10) exit at Chicago Boulevard and travel east. Turn left onto Lawton Street then right onto Richton Street. Property will be on Richton Street.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA VA

Legal Description N RICHTON 473 LINWOOD HEIGHTS SUB L35 P6 PLATS W C R 12/201 35 X 120.50

DOM 0

Postal Code 48206

Price Per Sq Ft Total AG 74.23

Public Remarks INVESTMENT OPPORTUNITY! 2986 and 2988 Richton Street are multifamily properties offering approximately 2

Interior

Basement Poured

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.1

Lot Dimensions 35X120.5

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Antwuan Hawkins

Listing Agent

Five Star Luxury Realty

Broker

hawkinsa@cooley.edu

Affordability Calculator

$1,663

Per Month

Monthly Principal & Interest: $1,219
Monthly Property Taxes: $445
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$253,176

Percent of Sale Price 31%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/9/2026	$193,000		Listed Price

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2988 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $193,000 with 2,600 sqft and a lot size of 0.1. 2988 Richton Street is a studio with 2.1 baths and was built in 1927. The property's zip code is 48206 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2988 Richton Street

Multi-Family Home for sale in Detroit, MI

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